Cautionary story for investors: Cryptoqueen: How this woman scammed the world, then vanished
My experience with one of the London unis taught me not to attach too much value to people's diplomas, even if from Oxford (a talented scientist can turn out to be a talented sneaky cheater, often protected by influential partners in crime).
That was fascinating! Amusing and amazing -- a crypto that forgot to create a blockchain. There was some online service, if I recall, that could fork a new crypto off of the bitcoin blockchain in about 20 minutes. But, the OneCoin target audience had no clue until the scam was exposed.
Bitcoin itself is similarly "cultish", but at least it is legit -- in the sense of the technology claims. But, there is likely much manipulation in offshore exchanges, which should
be deeply troubling to bitcoin so-called investors, but apparently isn't. Or more likely, they hope it is manipulated in their favor and then they will sell to the greater fools. Good luck with that ...
Pretty troubling that UK authorities seem remarkably uninterested. Given the magnitude of the scam and UK-presence, why aren't there a zillion arrest warrants issued already? The article documents a lot of fraud, false financial flings, etc. etc. Background on reddit